Trane Technologies

Trane Technologies

Global HVAC and refrigeration efficiency solutions

Overview

Trane Technologies focuses on climate innovation by delivering sustainable HVAC and refrigeration solutions through its Trane and Thermo King brands. It helps buildings, homes, and transportation achieve higher energy efficiency with high-performance climate control equipment and ongoing maintenance services. The company differentiates itself by offering an integrated portfolio of energy-efficient products and service contracts across both HVAC and refrigeration, backed by a commitment to sustainability. Its goal is to lower energy use and carbon emissions for customers while supporting a healthier planet.

Significant Headcount Growth

About Trane Technologies

Simplify's Rating
Why Trane Technologies is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Hardware

Industrial & Manufacturing

Energy

Company Size

10,001+

Company Stage

IPO

Headquarters

Dublin, Ireland

Founded

1871

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Simplify's Take

What believers are saying

  • July 30, 2026: Trane raised 2026 EPS guidance to $15.20-$15.30.
  • Q2 2026 bookings rose 37% organically, driving a record $12.1 billion backlog.
  • TIME ranked Trane 19th among 2026’s Most Sustainable Companies, reinforcing enterprise sales credibility.

What critics are saying

  • April 2026 antitrust litigation in Michigan targets Trane for alleged HVAC price-fixing.
  • EMEA weakness persists, and Middle East demand has already pressured regional performance.
  • If data-center orders slip in 2027, Trane’s backlog-driven growth narrative breaks immediately.

What makes Trane Technologies unique

  • August 17, 2026: Trane and Eaton built an NVIDIA DSX AI data-center reference design.
  • Trane’s installed-base service model locks in recurring revenue from maintenance, parts, and retrofits.
  • Commercial HVAC and applied systems dominate backlog, giving Trane unusually long demand visibility.

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Funding

Total Funding

$2.7B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Paid Holidays

Unlimited Paid Time Off

Family Planning Benefits

Fertility Treatment Support

Professional Development Budget

Conference Attendance Budget

Hybrid Work Options

Wellness Program

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

15%

1 year growth

15%

2 year growth

15%
Business Wire
Aug 17th, 2026
Trane Technologies and Eaton unveil AI data centre design cutting installation costs by 30%

Trane Technologies and Eaton have announced a strategic collaboration to accelerate AI data centre deployment through an integrated power and cooling reference design. The system replaces traditional siloed design processes with a unified approach that achieves up to 15% combined energy efficiency gains, cuts copper use by as much as 80%, and reduces installation costs by up to 30% compared to conventional low-voltage designs. The reference design is included in both companies' platforms and built in alignment with NVIDIA DSX platforms. It enables power distribution and cooling systems to exchange data and respond dynamically to operational needs. As global data centre capacity may nearly triple by 2030, with AI driving approximately 70% of that growth, the coordinated architecture aims to simplify setup, reduce deployment risk, and improve overall performance whilst supporting future liquid cooling technologies and direct current architectures.

Business Wire
Aug 17th, 2026
Trane Technologies and Eaton collaborate on industry-first Reference Design to help boost AI data center efficiency and cut installation costs.

Trane Technologies and Eaton collaborate on industry-first Reference Design to help boost AI data center efficiency and cut installation costs. * Trane and Eaton integrated design built for the widely adopted NVIDIA DSX AI Factory Reference Design. * New joint approach advances higher power designs for AI data centers to speed development, boost energy efficiency up to 15%, reduce installation costs up to 30%, and cut copper use up to 80%. SWORDS, Ireland & CLEVELAND-(BUSINESS WIRE)-Trane Technologies (NYSE:TT), a global climate innovator, and intelligent power management company Eaton (NYSE:ETN) today announced a strategic collaboration integrating advanced thermal management and electrical system architectures to help accelerate AI-factory deployment, enhance efficiency and lower costs. Trane Technologies and Eaton are introducing a first-of-its kind reference design that replaces a traditionally slow, manual and siloed design process with a unified, intelligent system for power and cooling for next-generation data centers. By advancing medium-voltage designs for higher-power density AI factories, the companies can achieve combined energy efficiency gains of up to 15%, cut copper use by as much as 80% and reduce installation costs by up to 30% compared to conventional, low-voltage designs, while enabling faster deployment and reducing complexity. As global data center capacity may almost triple by 2030, with AI driving about 70% of that growth, the reference design provides a more resource-efficient approach to scaling data center infrastructure. The new reference design is included in both the Trane(R) Continuum Rubin DSX and Eaton Beam Rubin DSX platforms, built in alignment with the NVIDIA DSX platforms, with Eaton's technology helping provide power distribution for the Trane platform. By combining the expertise of both companies into coordinated reference designs, data center customers can help accelerate development cycles through pre-coordinated thermal and electrical power systems from grid to chip. The companies' approach breaks down traditional systems-in-silos architectures, enabling power distribution and cooling systems to exchange leading indicators, respond more dynamically to needs and enhance data center performance. "AI and high-performance computing are transforming the demands placed on data centers, and customers want solutions that can keep pace with their needs," said Mauro J. Atalla, Senior Vice President, Chief Technology and Sustainability Officer, Trane Technologies. "By combining our advanced thermal management solutions with Eaton's innovative power management solutions, we're delivering a coordinated design that helps customers accelerate deployment, improve efficiency and confidently plan to scale for the future." "We're advancing the industry standard for speed of deployment by progressing reference designs into unified systems teams can deploy repeatedly. Aligned with the NVIDIA DSX platform, we're integrating our medium-voltage power systems and white space thermal management solutions with Trane's advanced thermal management system architecture to help accelerate AI-factory deployment at scale," said Michael Regelski, Senior Vice President and Chief Technology Officer, Electrical Sector, Eaton. The Eaton and Trane Technologies reference design is built to work smoothly with the NVIDIA(R) Omniverse(TM) DSX Blueprint for AI data centers. The combined approach establishes a more consistent, predictable method for planning and delivering electrical, thermal and digital control infrastructure required for AI-driven environments. The coordinated architecture simplifies setup, reduces risk during deployment, and improves overall performance for today's technologies. It is also designed to evolve as emerging liquid cooling technologies and direct current architectures become mainstream. "AI factories demand tightly coordinated power, cooling and compute infrastructure to operate efficiently at scale. By aligning with the NVIDIA Omniverse DSX Blueprint, Trane Technologies and Eaton are helping customers reduce complexity and accelerate deployment of next-generation AI data centers," said Vladimir Troy, Vice President of AI Infrastructure at NVIDIA. "This new integrated approach supports the robust, scalable foundations enterprises need to unlock the full potential of generative and reasoning AI and turn data into faster, smarter outcomes." About Trane Technologies Trane Technologies is a global climate innovator. Through its strategic brands Trane(R) and Thermo King(R), and its portfolio of environmentally responsible products and services, Business Wire, Inc. bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit www.tranetechnologies.com. About Trane Trane(R)- by Trane Technologies (NYSE: TT), a global climate innovator - creates comfortable, energy efficient indoor environments through a broad portfolio of heating, ventilating and air conditioning systems and controls, services, parts and supply. For more information, please visit www.trane.com or www.tranetechnologies.com. About Eaton Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. Business Wire, Inc. make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. Business Wire, Inc. is guided by its commitment to do business right, to operate sustainably and to help its customers manage power | today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, Business Wire, Inc. is helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of its stakeholders. With revenues of $27.4 billion in 2025, the company serves customers in 180 countries. For more information, visit www.eaton.com. Follow Business Wire, Inc. on LinkedIn. Forward-Looking Statements This news release includes "forward-looking statements" within the meaning of securities laws, which are statements that are not historical in nature, including, but not limited to, statements that relate to market outlook, estimated cost savings, product and service innovations, and anticipated end-user benefits of these innovations. These forward-looking statements are based on current expectations, predictions, estimates, assumptions and beliefs, and are subject to risks and uncertainties, which are outside of either company's control and may cause actual results to differ materially. Factors that could cause such differences can be found in the annual reports on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q filed by each of Trane Technologies and Eaton and other SEC filings filed by each company. New risks and uncertainties arise from time to time, and it is impossible to predict these events or how they may affect each company. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. Neither Trane Technologies nor Eaton assumes any obligation to update these forward-looking statements. Contacts. Trane Technologies Investors Contact: Zachary Nagle +1-704-990-3913 [email protected] More News From Trane Technologies SWORDS, Ireland-( BUSINESS WIRE )-Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $4.20 for the second quarter of 2026. Adjusted continuing EPS was $4.31, up 11 percent. Second-Quarter 2026 Results Financial Comparisons - Second-Quarter Continuing Operations $, millions except EPS Q2 2026 Q2 2025 Y-O-Y Change Organic Y-O-Y Change Bookings $7,818 $5,626 39% 37% Net Revenues $6,354 $5,746 11% 9% GAAP Opera... SWORDS, Ireland-( BUSINESS WIRE )-Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its second quarter 2026 financial results on Thursday, July 30, 2026, at 10 a.m. ET. The company will issue its second quarter earnings release and earnings presentation in advance of the call; both will be available on the Trane Technologies website. A real-time, listen-only webcast of the conference call will be broadcast live over the internet. Individuals wi... SWORDS, Ireland-( BUSINESS WIRE )-Trane Technologies (NYSE: TT), a global climate innovator, has been named to TIME's 2026 list of the World's Most Sustainable Companies, ranking 19th. Published in collaboration with Statista, the annual list highlights global companies that are embedding sustainability into core business strategy and delivering measurable environmental and social impact. "Business Wire, Inc. is honored to be recognized by TIME as one of the World's Most Sustainable Companies for the third con...

Ticker Report
Aug 5th, 2026
Canandaigua National Bank & Trust Co. Makes New $4.72 Million Investment in Trane Technologies plc $TT

Canandaigua National Bank & Trust Co. purchased a new stake in Trane Technologies plc (NYSE:TT – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,621 shares of the company’s stock, valued at approximately $4,725,000. A number of […]

Yahoo Finance
Aug 1st, 2026
Trane Technologies lifts full-year outlook on 37% bookings surge, $12.1B backlog

Trane Technologies raised its full-year outlook following strong second-quarter results, now expecting approximately 9% organic revenue growth and adjusted earnings per share of $15.20–$15.30. The company reported enterprise organic bookings rose 37%, creating a record $12.1 billion backlog. Commercial HVAC led growth, with Americas bookings up 50% and applied bookings up 130%. About 90% of the backlog is tied to commercial HVAC, including substantial data-centre and thermal-management demand. Approximately $6 billion of backlog is scheduled for 2027 and beyond. The company expects stronger margins in the second half, supported by Americas growth. Trane has repurchased about $840 million of stock year to date. For the third quarter, the company expects approximately 10% organic revenue growth and adjusted EPS of about $4.70.

MarketBeat
Aug 1st, 2026
Segall Bryant & Hamill LLC acquires Shares of 53,415 Trane Technologies plc $TT.

Segall Bryant & Hamill LLC acquires Shares of 53,415 Trane Technologies plc $TT. August 1, 2026 Key points. * Segall Bryant & Hamill acquired 53,415 Trane Technologies shares in the first quarter, valued at approximately $23.1 million. Institutional investors collectively own 82.97% of the company. * Trane delivered a strong second quarter, with adjusted EPS of $4.31 and revenue of $6.35 billion, beating estimates; bookings rose 39% to $7.82 billion and the company reported a record backlog. * Management raised its 2026 outlook to adjusted EPS of $15.20-$15.30 and revenue of about $23.8 billion. Analysts maintain a "Moderate Buy" consensus with an average price target of $520.07, while the company declared a quarterly dividend of $1.05. * MarketBeat previews the top five stocks to own by September 1st. Segall Bryant & Hamill LLC acquired a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 53,415 shares of the company's stock, valued at approximately $23,098,000. A number of other hedge funds have also bought and sold shares of TT. Farther Finance Advisors LLC boosted its holdings in shares of Trane Technologies by 64.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company's stock worth $2,911,000 after buying an additional 2,917 shares during the last quarter. Dara Capital US Inc. bought a new position in Trane Technologies in the 4th quarter worth $966,000. ProCore Advisors LLC purchased a new position in Trane Technologies during the fourth quarter valued at $939,000. Horizon Investments LLC lifted its position in Trane Technologies by 115.4% during the fourth quarter. Horizon Investments LLC now owns 30,560 shares of the company's stock valued at $11,894,000 after purchasing an additional 16,370 shares in the last quarter. Finally, LBP AM SA grew its holdings in Trane Technologies by 153.0% during the fourth quarter. LBP AM SA now owns 54,112 shares of the company's stock valued at $21,060,000 after purchasing an additional 32,724 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock. Key Trane Technologies news. Here are the key news stories impacting Trane Technologies this week: * Positive Sentiment: Second-quarter results exceeded expectations. Adjusted EPS was $4.31, above the $4.27 consensus and up from $3.88 a year earlier. Revenue rose 10.6% year over year to $6.35 billion, surpassing the $6.20 billion estimate. TT's Q2 Earnings and Revenues Beat Estimates, Increase Year Over Year * Positive Sentiment: Bookings surged 39% to $7.82 billion on a reported basis, or 37% organically, while the company cited a record backlog. These trends strengthen visibility into future revenue and suggest sustained demand for Trane's climate-control products and services. Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance * Positive Sentiment: Management raised its 2026 forecast. Full-year adjusted EPS guidance is now $15.20-$15.30, above the roughly $14.90 analyst consensus, while revenue guidance of approximately $23.8 billion exceeds the $23.4 billion consensus. Trane Technologies Q2 Earnings and Revenues Beat Estimates * Neutral Sentiment: Analyst actions were mixed but still imply upside. Citigroup lowered its target from $570 to $566 while maintaining a Buy rating. RBC cut its target from $501 to $496 and assigned a Sector Perform rating. The reductions may temper enthusiasm, but both targets remain above the cited share price. Analyst Price Target Updates Trane Technologies price performance. Shares of Trane Technologies stock opened at $455.78 on Friday. The stock's 50-day simple moving average is $470.95 and its 200-day simple moving average is $452.60. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $505.87. The company has a market capitalization of $100.75 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 1.98 and a beta of 1.19. The company has a quick ratio of 0.77, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping analysts' consensus estimates of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the company posted $3.88 earnings per share. The business's quarterly revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, analysts expect that Trane Technologies plc will post 15.25 earnings per share for the current fiscal year. Trane Technologies announces dividend. The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies's dividend payout ratio is presently 32.48%. Wall Street analysts forecast growth. TT has been the subject of a number of analyst reports. Evercore began coverage on Trane Technologies in a research report on Monday, April 13th. They issued an "outperform" rating and a $535.00 price target for the company. Royal Bank Of Canada cut their price objective on Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating for the company in a research note on Friday. Barclays increased their target price on shares of Trane Technologies from $507.00 to $585.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Wall Street Zen raised shares of Trane Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Trane Technologies in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $520.07. Trane Technologies profile. Trane Technologies NYSE: TT is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications. In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management. Want to see what other hedge funds are holding TT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trane Technologies plc (NYSE:TT - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Trane Technologies, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trane Technologies wasn't on the list. While Trane Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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